Greed is good

[JimmyJoe]

I'm beginning to see that some analysts are saying that we're getting more and more greedy with the market. I say that's good in the near to moderate future. The old saying watch out when others get greedy and buy when most are fearfully, does not apply now. The market needs people to get greedy and buy, buy, buy. Greedy people need to get in now so they can have bought at today's low prices. These are the best times to buy stocks. As soon as we get the SPX above 1550 we will be on our way to 1700. Just wait till Spring comes. Talk about a seasonal moment for stocks. We will be rolling in dough when we hit 1600 mid April.

 

[bmneveu]

I hardly consider SPX 1500 a low price or the best time to buy stocks.

 

[Birchtree]

Greed happens to be my middle name. Greed is the reason I get out of bed every morning. Greed is the reason I exist to invest. Greed is going to make me rich.

 

[nasa1974]

JimmyJoe, Moving this to the Day to Day Market Talk Thread. Interesting topic but not in the Members Section.

 

[rktect1]

The best time to buy was a few years ago. Buying now is like buying gold at $2000 per ounce. Yes, it could go up but the big quick and easy gains are really most likely behind us.

 

[wavecoder]

no it isn't. greed is tied with fear as every trader's worst enemy. you have to learn how to control both